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In a shocking new interview, Donald Trump has gone farther than he ever has before in discussing a potential economic collapse in America. Using phrases such as "you’re going to pay $25 for a loaf of bread pretty soon" and "we could end up being another Egypt", Trump explained to Newsmax that he is incredibly concerned about the direction our economy is headed. Whatever you may think of Donald Trump on a personal level, it is undeniable that he has been extremely successful in business. As one of the most prominent businessmen in America, he is absolutely horrified about what is happening to this nation.
Originally posted by icenetwork
Well if anyone knows Bankruptcy its Trump
Originally posted by Maxmars
There are two important things to always keep in mind regarding Mr. Trump.
1 - He is an unabashed narcissist, focused on personal glory and the cult of personality around him.
2 - He is inextricably connected to the exact same media machine that continues to underwhelm us with their capacity for selling glamorous 'personalities' and shunning any 'uncomfortable' admission about their editorial bias.
Right now, the doomsayers have the limelight. He wants in.
Originally posted by Sly1one
honestly I cannot understand why the collapse is even a "discussion" anymore. Its obvious, so incredibly obvious yet apparently some still wasn't some form of validation from the horses mouth.
Not trying to trash your thread OP I enjoy reading more of the threads you post and find them enlightening.
I'm just curious if anyone is even going to try and debate the coming economical disaster anymore??
I still haven't seen anyone post reliable evidence the markets could ever turn around at this point.
That suddenly the resources are going to be more abundant than yesterday and were all getting raises!! lol its just not going to happen...
Of course Donald Trump knows what is coming, he has been a big player in the game for a looooong time now. You don't think he knows how incredibly open to abuse and corruption the economic system was? He made his millions doing the opposite of what is taught to do running businesses? Why? Because he knew how it worked, he knew the loopholes and he profited from what usually ruins careers...
Of course he knows, hes known for a long time this game was rigged and wasn't sustainable..
Originally posted by Sly1one
I have a question here for people touting gold and silver as a "scam" to retain value as a future currency etc...
what are the other options? If the fiat currency isn't worth anything, then what WILL be worth something? What can people tangibly hold in physical form that isn't a "worthless piece of paper" either in the form of actual money/dollars, certificates, bonds, etc etc??
If you have your food/water/shelter needs taken care of what can you invest your soon to be worthless dollars in that will retain value? Traditionally its always been gold/silver because you just can't print that stuff out of thin air.
What will be the new "thing" to back values for trading purposes? Everyone says resources like oil but that is a huge area of contention being that is a "usable" resource.
There is a problem with using "usable" resources like oil as anything for reserve value because it gets used up and the value is very unstable. When your reserve value is unstable your markets are unstable...
gold/silver are the only things I can think of that after the paper fails will once again be what is trade able value for goods/services.
seriously I want to know, WHAT if not gold/silver will retain value in the future?